No it's a 3.75 year cycle, as God decreed |
Being decentralized does not mean immunity from the wisdom (and panic) of crowds — or whales among the crowds. |
Maybe they were leveraged long on AI and when that started crashing they have to sell bitcoin to cover those losses? |
You're being an ass. Bitcoin is different than most boom and bust cycles. The last boom and bust was the crash of 2007/8, and that had a very very specific underlying cause that had been been flagged for years..... mortgage backed securities, ever increasing home prices that seemed economically unsustainable by those buying them, fraud in the real estate lending market, adjustable rate mortgages flipping.... there were so so many real and tangible economic indicators that we knew at the time were likely propping up the market and would come down. After the crash, we could do post-mortems and understand. Most crashes have similar. Bitcoin is different. It seems to have meaningless value. It has no inherent value other than the value people arbitrarily ascribe to it. There may be more to it. I think that's what we're asking here. But if there is, it's certainly not just "hey markets always go up and down arbitrarily" The closest this one seems is like the 2000 dot com crash, where people were publicly investing in companies based on ideas before any products had been built or designed, before any customers were signed up, and before any revenues were generated. Same kind of concept that people were betting on nothing . Only difference is that you were at least petting on an idea in 2000. So as an investor, you might have thought pets.com had a better business idea than askjeeves.com, which might have driven your investment decision. But crypto doesn't even have that. So please enlighten us. |
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Hey guys, how much are my NFTs worth?
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| Btc booming again! |
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Was wondering what the current price is (today jumped 10% back up to $70k, first link is to price tracker on Binance website. This is a comment right at the top, I love this kind of deep insight, really amazing stuff.
"Bitcoin Macro Roadmap: Where Accumulation Usually Begins A potential roadmap for the coming months is starting to take shape. Historically, Bitcoin’s deepest and most meaningful accumulation phases tend to occur below the 200-week EMA the zone where fear peaks, patience is tested, and long-term positioning quietly happens. This area isn’t about catching exact bottoms. It’s about structure, time, and probability. When price compresses around or below the 200w EMA, volatility fades, weak hands exit, and stronger hands absorb supply. That process is what builds the foundation for the next expansion phase. If history rhymes, the coming period may be less about excitement and more about discipline slow accumulation, muted sentiment, and positioning before momentum returns. Not financial advice. Just a framework to watch." |
I agree that it has no inherent or productive value. I don't invest in it at all. But the argument is that it will eventually be the world reserve currency. Just as much of the U.S. dollar's value today is based on its status as a world reserve currency. This status is quickly eroding and, the argument goes, BTC is no worse than USD and in some ways more protected from manipulation. |
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Until bitcoin assets are insured, seems worthless to me
I would rather have a weakening dollar that is insured than an uninsured hypothetical asset |
An uninsured currency backed by no government and currently used mostly for crime is unlikely to be the world's reserve currency. And this level of volatility is not a good argument for that. |
Bitcoin has lost 25% of its value (in dollars) in the last month. It may be a long term speculation, but a reserve currency it is not, and never will be. A reserve currency needs to be stable (at least over short term) so that contracts can be written and settled in that currency. Obviously, this is not bitcoin. |
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^^Y'all don't have to convince me. Like I said, I don't invest in it.
But you arguments against it are the same as the boosters arguments for. -no government -not insured -currently unstable, but (b/c math+bullshit reasoning) likely to become more stable in the future |
| I’m still holding. Keep the faith. |
HODL! |
I guess crypto bros LOVE technical analysis, since there isn’t any real world metrics like profit or revenue to value by. The blob above: This is a technical analysis perspective arguing that the "best" time to buy Bitcoin isn't when everyone is talking about it, but when the market feels boring or fearful. The author is using a historical pattern to suggest that Bitcoin is entering (or will soon enter) a boring but critical building phase. |